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Friday, 26.04.2024, 00:19
FY revenue of Oilseeds Trade falls 13% to EUR 31.5 mln
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The decrease in sales revenue was mostly caused by a drop in
the world market prices of grain products as well as a reduction in the volume
traded caused by the situation on the Estonian domestic market, the company's
annual report said.
In 2016, the group employed 48 people, including board
members, which was equal to the number of employees working for the company the
year before. Labor costs in 2016 amounted to 1.3 mln euros.
This year, the company plans to continue in the same fields
of activity by increasing capacity and market shares, finding new suppliers and
increasing competitiveness, as well as increasing the amount of arable land
owned by the company.
AS Oilseeds Trade
is an Estonian agricultural group founded in 2005. It is owned by businessmen Meelis Fink and Veikko Vahar.
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